Written by The Edge
Tuesday, 17 August 2010 11:21
Neptune Orient Lines (N03.SG) off 0.5% at $1.97 at 10:58 a.m. as caution in broad market, underlying concerns over potentially softer freight rates weigh, says Dow Jones.
Shares in steady decline since NOL reported return to profitability in 2Q10 with US$99.7 million ($135.5 million) earnings, as investors unload on prior strength, mull prospect of slower global trade, lower freight rates given uncertain global economic prospects.
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